Ledger Hardware Wallet Integrated Stellar (XLM) Cryptocurrency Support

The Stellar crypto project team has made an official statement of support for the popular Ledger hardware wallet. Users will now be able to manage XLM from their smartphone or computer and send and receive tokens without any difficulty in the Ledger Live app.

Ledger currently unites 25 cryptocurrencies and over 1,500 tokens that can be managed with a single password. In addition, Ledger allows users to perform other transactions with their assets, such as staking. Ledger continues to evolve, for example this month the project began collaborating with the Algorand development team.

The Ledger hardware wallet is one of the best known and most secure in the industry, with attacks on Decentralized Finance (DeFi) or centralized platforms becoming quite common.

Chinese Internet giant Tencent launches accelerator for blockchain companies

Chinese telecommunications company Tencent has announced the launch of an accelerator for blockchain companies, with plans to help 30 firms develop blockchain-based solutions.

The initiative was named Tencent Industrial Accelerator. Companies planning to participate in the program must apply on the Tencent website by June 6 of this year. At the same time, applications can be submitted not only by nascent blockchain startups, but also by established companies interested in distributed ledger technology. However, a firm must complete at least one round of funding to participate in the program.

The selected companies will receive a number of benefits, including the opportunity to learn blockchain from foreign experts, a valuable network of industry peers, and 1 year of free access to the Tencent blockchain platform. The cost of participation in the program is approximately $ 14,000.

Binance US, FTX and OKCoin Turned Out to be the Most Profitable Exchanges for Traders

The Block analyst Larry Cermak analyzed the fees on various cryptocurrency exchanges and it turned out that the Binance US, FTX, OKCoin and Poloniex platforms provide the best conditions.

These exchanges charge the lowest trading fees. Usually the commissions of the maker (the trader placing the order) are lower, as he adds liquidity to the exchange. Takers, on the other hand, pay large commissions, as they take liquidity from the site.

In the report, Chermak said that he analyzed the fees for makers and takers at 20 leading cryptocurrency exchanges. The FTX platform turned out to be the most profitable for retail traders, while Binance US and OKCoin are more suitable for institutional players.

The highest fees are charged by the exchanges Coinbase, bitFlyer EU, Bitstamp and Gemini. At the same time, if the first platforms take large commissions on transactions of any volume, then the Gemini exchange, owned by the Winklevoss brothers, is quite profitable for institutional traders. As for the largest cryptocurrency exchange Binance, its commissions have always been considered low, but recently the site has been taking noticeable commissions from large-volume transactions. However, for retail traders, who are the main clients of the exchange, they remain small.